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KONE Wins Major Elevator and Escalator Orders in India and South Africa

Press Release Published 16/06/2003

KONE will supply the Delhi Metro Railway Corporation with 64 KONE heavy-duty transit escalators. The contract is the largest single elevator or escalator order ever booked by any company in India.

Deliveries will start later this year, and completion is scheduled for early 2005. KONE has recently completed the supply and installation of 12 (out of 48) KONE MonoSpace® elevators, specially engineered for physically challenged persons, for this same rail line.

KONE has also booked an order for the tallest hotel in South Africa, the 37-story MichelAngelo Towers in Johannesburg. The hotel will be served by five KONE MiniSpace™ units, five KONE MonoSpace® elevators and two KONE ECO3000™ escalators. The project is scheduled for completion by October, 2004.

KONE will announce major orders in press releases except in cases where the competitive situation prohibit the publication of such information.

Sender:
KONE Corporation

Tapio Hakakari
Secretary to the Board of Directors

Outi-Maria Liedes
Senior Vice President,
Corporate Communications & IR

For further information, please contact:

Matti Hyytiäinen,
Senior Vice President,
Escalator Business
tel. +358 (0)400 710 968

Kari Malmström
Director, Middle East and Africa
tel. +358 (0)204 75 4262

Outi-Maria Liedes
Senior Vice President
Corporate Communications & IR, KONE
tel. +358 (0)204 75 4501

KONE is a global service and engineering company that specializes in moving people and goods. Annual net sales total EUR 5,500 million, and we employ nearly 35,000 people. KONE's B shares are listed on the Helsinki Exchanges.

www.kone.com